Newmont Q2 2026: adjusted EPS $2.10 beats, revenue up 15.1%
Newmont beat consensus but decelerated sharply: adjusted EPS of $2.10 against $2.0092 expected, on $6.118 billion of revenue that rose 15.1% year over year yet fell 16.3% sequentially. The cause is price, not tonnes — realized gold dropped to $4,414 an ounce from $4,900. Read the cash and the unchanged guidance as the stable parts of this report.
1 · Expected vs. Actual
Free preview belowDiluted GAAP earnings were $2.06 per share and adjusted EPS was $2.10, a beat of about 4.5% against the $2.0092 consensus. Both sit well below the first quarter's $3.00 GAAP and $2.90 adjusted, and net income of $2.202 billion was $1.1 billion lower than the prior quarter. Management attributes that decline to lower realized gold and silver prices, partly offset by $452 million less income and mining tax expense.
Revenue was $6.118 billion, up 15.1% from $5.317 billion a year earlier but down 16.3% from the $7.307 billion booked in the first quarter of 2026. The sequential drop is mostly price: the average realized gold price fell $486 an ounce to $4,414, and gross margin came in at 65.9%. Gold Dore supplied $4.28 billion of the total, with the remaining $1.838 billion from sales of concentrate and other production.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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